The Nasdaq Stock Market Inc., Pricewaterhouse Coopers (PwC) and Microsoft Corp. on Tuesday will launch a pilot program that allows companies to more easily communicate their financial information over the Internet and which helps investors more easily analyze this data.

The pilot program uses Extensible Business Reporting Language (XBRL), a new platform developed for corporate reporting over the Internet and which is based on XML, the universal format for data on the Web.

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About the Author

Peter Galli has been a financial/technology reporter for 12 years at leading publications in South Africa, the UK and the US. He has been Investment Editor of South Africa's Business Day Newspaper, the sister publication of the Financial Times of London.
He was also Group Financial Communications Manager for First National Bank, the second large... See Full Bio

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